South African equities are on an upward trajectory following a 1.10% rise in the JSE FTSE Top 40 Index, which closed at 84,383.47 points. Positive market breadth characterized the day, with 13 out of 20 sectors closing higher. The health technology sector was a standout performer with a 4.17% gain, supported by improved global sentiment as fears over U.S. tariffs eased. Although utilities suffered losses, the upcoming South African Reserve Bank repo rate decision is anticipated to provide stability as inflation falls beneath target thresholds. Labor market data improvements further bolster the equity outlook.
South African equities are poised for further gains, shaped by positive market breadth and easing global concerns around U.S. tariffs.
The health technology sector led the rise, with 4.17% gains, amid improving global sentiment, driving the JSE FTSE Top 40 Index upwards.
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